TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... Message Board

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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....

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To: Tom Rollins who wrote (8157)	4/17/1999 10:47:00 PM
From: TATRADER	Read Replies (2) of 59879

tom, stops vary for the individual trader...Sometimes I may put it under the intraday low, sometimes, 5%, sometimes below a pattern, like a neckline, sometimes as high as 7%...But I have found that if your timing is correct, a tight 3% stop is a good discipline...Stocks like PILT are easily manipulated to take out your stops..You may use mental stops..But I have found that my emotions sometimes get me when I use mental stops..Harder to admit defeat when you and I have to pull the trigger..I look upon stops as protection...It will keep all my losses small, and the winners will bring me out ahead... NBTY-Stock coming out of a double top sell-off..Pattern was 22.50 by 13.75(neckline at 13.75)..Difference was 8.75...Subtract 13.75 from 8.75, you get downside target of 5.00...Stock has hit downside target at 5.00..Safe entry here at 5.00...-D1 still showing negative trend, but ADX(strength of trend) has weakened from 15 to 14 showing downside momentum is weakening...Need patience on this one..Looks like good accumulation took place in 4.50-5.00 area..RS crossed 50 line, another bullish sign...Good safe position trade pick... Regards, Mark

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